The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Breslow estimates $100B in unmet US small business loan demand
“We think there's another hundred billion or so of unmet demand in this country.”
Breslow: OnDeck cost structure will remain fixed despite rising interest rates
“We think our overall cost structure will stay relatively fixed even in a rising rate environment.”
Breslow: US small business loan demand is roughly $250 billion
“When you look at these smaller loans and what the demand looks like in this country it's about a quarter trillion dollars of demand that exists out there for small business loans.”
OnDeck has loaned over $1 billion to US small businesses
“We've loaned over a billion dollars to small businesses all across America.”
Oliver Wyman study: Bank loans under $100K are almost unprofitable
“Oliver Wyman did a study where they looked at loans to small businesses underneath a 100,000 dollars, and they found that the traditional banking process, which can take about 30 days on average is almost unprofitable, ah, for the bank, ah, in most cases.”
Breslow: US small-dollar business loans fell after the 2008 recession
“The number of small dollar loans to small businesses that has actually fallen since the Great Recession back in 2008, 2009.”
OnDeck tracks eight million US small businesses from creation to closure
“Essentially, there's about eight million businesses that we're focused on in this country, and we have a database that's tracking all of them from birth Through death.”
Breslow: Small business online banking adoption rose from 60% to 95%
“Even when we started OnDeck, only 60% of small business owners used online banking. Today that number's 95%.”
Breslow: OnDeck's typical customers average 10 years in business and $1M revenue
“We really thought that our customer would be a very, very new business that wasn't picked up by the traditional banking system. We've been sort of surprised to see that actually it's much more established business owners are using our product. 10 years in busi…”